Major Crypto Exchanges Launch OTC Desks Despite the Crypto Winter

The world’s biggest crypto exchanges are launching OTC desks for institutional investors. Institutional investment is increasingly being seen as the future of crypto trading, with both Binance and Bittrex launching their own dedicated over-the-counter (OTC) desks in January. The desk launches come after Morgan Stanley published a bullish report in November, showing a strong pattern of institutional investment […]

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United States Crypto Platform Huobi.com Launches Fiat-Crypto Trading

Huobi.com is launching fiat-crypto trading services, with initial support for three USD-crypto trading pairs. Huobi.com, the United States-based partner of Singapore-headquartered crypto exchange Huobi, is launching fiat-crypto trading services, with initial support for three USD-crypto trading pairs. The development was revealed in a press release shared with Cointelegraph on Feb. 5. Huobi.com is operated by […]

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Report: Alipay and WeChat Pay Require Huobi to Remove Payment Methods from OTC Desk

Chinese payment giants Alipay and WeChat Pay reportedly requested Huobi to remove their services from its OTC trading desk. Alipay and WeChat Pay reportedly requested that crypto exchange Huobi remove their payment services from its over-the-counter (OTC) trading desk, local media agency Sina reported on Jan. 25. Major Chinese digital payments providers, Alibaba’s Alipay and […]

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Bitspark Debuts Hong Kong Dollar-Pegged Stablecoin on Decentralized Exchange

Sparkdex.HKD is reportedly the first HKD-backed stablecoin on the market, where “US Dollar stablecoins have dominated.” Hong Kong-based money transfer platform Bitspark has launched what is reportedly the first stablecoin pegged to the Hong Kong dollar (HKD), local tech and finance news outlet Fintech Hong Kong reports Jan. 29. Bitspark, which has positioned itself as […]

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